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Copyright Challenges with Non-Fungible Tokens

Intepat

Among these virtual assets are NFTs (Non-Fungible Tokens), which can be described as real-world items transformed into digital tokens that can be traded in virtual marketplaces. NFTs are unique digital tokens that represent ownership of specific digital assets. Income generated through NFTs is taxed at 30%.

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Fair Use Clauses & Non Fungible Tokens

Traverse Legal Blog

Non fungible tokens (NFTs) , the latest vehicle for capturing, linking to and licensing intellectual property. The tokenization of digital files so that a single owner of that file can be recorded on the blockchain and identified is an important breakthrough in IP protection. . You bought a Bored Ape NFT.

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Artist Can Exhibit 'MetaBirkins' NFT Despite TM Trial Loss

IP Law 360

A New York federal judge has said the Los Angeles-based designer behind the "MetaBirkins" non-fungible token can provide permission to a Swedish museum to display his trademark-infringing artwork, despite an injunction barring him from promoting or selling the NFTs.

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Artist Can't Exhibit 'MetaBirkins' NFT After TM Trial Loss

IP Law 360

The Los Angeles-based designer behind the "MetaBirkins" non-fungible token is barred from displaying his artwork at a Swedish museum after a federal judge ruled there is a high probability he will use the platform to promote products that a jury previously said infringed trademarks held by luxury French fashion house Hermès International.

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Metabirkins NFT Maker Tells 2nd Circ. 'Artwork' Is Protected

IP Law 360

The creator of the MetaBirkins non-fungible token collection has told the Second Circuit that his use of the iconic Hermès bag's name and likeness was relevant to his artwork but said the New York court misapplied the test of whether it was protected speech when it found that the digital assets infringed on the fashion house's trademarks.

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NFTs Found to Infringe Hermès Trademark

JD Supra Law

In a case with clear implications for non-fungible token art-based projects, a federal jury in the case of Hermès International, et al. Mason Rothschild, 1:22-cv-00384 (SDNY), found in favor of fashion brand Hermès in its lawsuit concerning digital artwork consisting of images of Hermès’ Birkin handbag.

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Trademarks and the Metaverse: Imaginary Rights or Real Wrongs?

SpicyIP

Trademarks and the Metaverse: Imaginary Rights or Real Wrongs? World over companies are rushing to protect their trademarks in the online, virtual environment – the metaverse. In the US too, several companies are protecting their trademarks for similar goods and services. Aparajita Lath. Image from here. Application date.